LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company” or “Orion”), a
worldwide supplier of specialty and high-performance Carbon Black,
announced today that the underwriters of the recently closed offering of
10,000,000 Orion common shares, sold by Kinove Luxembourg Holdings 1 S.à
r.l. (“Kinove Holdings”) and current and former members of Orion’s
management team, have partially exercised their option to purchase an
additional 227,327 shares on the same terms as the initial shares.
Kinove Holdings sold 206,338 of the additional shares and the other
selling shareholders sold the remaining 20,989 shares. Kinove Holdings
and the other selling shareholders received all of the net proceeds from
the sale of these shares.

The offering was made pursuant to an effective shelf registration
statement, prospectus and prospectus supplement filed by the Company.
Copies of the prospectus supplement and the accompanying prospectus may
be obtained from Barclays Capital Inc., 745 7th Ave, New York, New York
10019 or from Morgan Stanley & Co. LLC, 1585 Broadway, New York, New
York 10036 email: prospectus@morganstanley.com.

A registration statement relating to the Company’s common stock has been
filed with the U.S. Securities and Exchange Commission and was declared
effective on April 1, 2016. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.

About Orion Engineered Carbons

Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas Blacks,
Furnace Blacks, Lamp Blacks, Thermal Blacks and other Carbon Blacks that
tint, colorize and enhance the performance of polymers, plastics, paints
and coatings, inks and toners, textile fibers, adhesives and sealants,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 14 production sites globally and four Applied Technology
Centers. The group has approximately 1,440 employees worldwide.

Forward-Looking Statements

This document contains certain forward-looking statements, including
statements relating to the proposed offering. These statements
constitute forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are statements of future expectations that are based on
current expectations and assumptions and involve known and unknown risks
and uncertainties that could cause actual results, performance or events
to differ materially from those expressed or implied in these
statements. You should not place undue reliance on forward-looking
statements. Each forward-looking statement speaks only as of the date of
the particular statement. New risk factors and uncertainties emerge from
time to time and it is not possible to predict all risk factors and
uncertainties, nor can we assess the extent to which any factor, or
combination of factors, may cause actual results to differ materially
from those contained in any forward-looking statements. We undertake no
obligation to publicly update or revise any forward-looking statement as
a result of new information, future events or other information, other
than as required by applicable law.